Rafael Superior Protection Techniques Ltd. has accomplished the acquisition of PVP Superior EO Techniques, Inc. (PVP AEO) by means of its U.S. subsidiary Rafael USA, Inc. The acquisition was executed below a inventory buy settlement (SPA) transferring 100% of inventory to Rafael USA, Inc. The transaction was authorised below CFIUS evaluate authorization, ruled by a nationwide safety settlement (NSA). Previous to the acquisition, PVP AEO was a privately-owned, California-based firm, specializing within the improvement, manufacturing and sustainment of world-class electro-optic (EO) methods for air, land, sea and demanding homeland safety purposes.
“PVP AEO is dedicated to proceed supporting its current and rising prospects. This acquisition gives the chance to reinforce and create new merchandise and capabilities. For PVP AEO workers and households, this enterprise means stability, development and well-being. It would create extra jobs for PVP AEO, in addition to for its nation-wide provide chain” says Bruce Ferguson, PVP AEO President and CEO. “PVP AEO retains its id, model, merchandise, applied sciences, companies, personnel, tradition, administration and charitable group giving.”
Commercial
“This acquisition is a part of RAFAEL’s continued strategic investments, with the aim of transferring cutting-edge state-of-the-art applied sciences, merchandise and methods into the USA in help of U.S. nationwide safety”, says M.G (ret.) Yoav Har Even, RAFAEL’S President and CEO. “Till lately most of RAFAEL’s operations within the U.S. had been in partnership with U.S. Tier-1 prime contractors, whereas nearly all of workshare was manufactured in Israel. PVP AEO will complement and improve engineering and manufacturing capabilities stateside, whereas strengthening our U.S. provide chain to raised help our prime contractors and U.S. warfighters.”
“That is an thrilling time for RAFAEL within the U.S. Lately now we have seen elevated U.S. buyer curiosity and development in gross sales. We’re excited to match that with a rise in our U.S. industrial base to help prospects and create U.S. jobs,” mentioned Azarel Ram, President and CEO of Rafael USA Inc. “The acquisition of PVP Superior EO Techniques represents a significant step in our development course of that may assist guarantee we are able to each meet buyer wants in addition to enhance our U.S. manufacturing footprint for gross sales to the U.S., Israel, and different allies.”
The PVP Superior EO Techniques, Inc. (PVP AEO) was based in 1997 and is positioned in Tustin, CA. The Superior EO crew is made up of consultants within the fields {of electrical} and mechanical engineering, optical design and evaluation, IR thermography, 3D strong modeling (CAD/CAM), and precision machining and meeting. Latest packages embrace Built-in Fastened Towers (IFT) and Cell Video Surveillance Techniques (MVSS) for the Customs and Border Patrol on the southern border. Superior EO methods are presently utilized by US Customs and Border Patrol, US Marine Corps, US Air Power, US Navy, US Division of Homeland Safety, NASA, the Panama Canal, the South Korean Navy, Saudi Aramco Oil, and MIT Lincoln Labs.
RAFAEL is a world-renowned Israeli-based protection contractor, specializing in cutting-edge, revolutionary and combat-proven methods, such because the well-known IRON DOME, TROPHY Lively Safety System, LITENING Focusing on Pod, SPIKE household of tactical missiles, and plenty of different methods. Rafael USA, Inc. has operated out of Bethesda, MD since 1993. Rafael USA, Inc. serves because the hub for all RAFAEL operations in the USA. The acquisition of PVP AEO continues a big interval of development for Rafael USA, which incorporates: the standing of RSGS, a subsidiary that obtained its categorised clearance earlier this yr; the growth of its C4ATS manufacturing subsidiary, which makes a speciality of meeting and procurement; and R2S a Joint Enterprise with Raytheon Applied sciences specializing in manufacturing and testing.
